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Accounting

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Discuss what additional information is provided by a cash flow statement compared to the statement of financial position and describe what controversies remain in relation to its value to the users of financial statements.

Additional information-

This question relates to Accounting Basics and it's discussed about the importance of cash flow statement in addition to balance sheet and income statements. Apart from balance sheet and incomes statement, a cash flow statement is also used for arriving at accurate financial position of the position of an organization.

Word limit- 700.

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Accounting Basics, Accounting

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